Economist to Speak At King Memorial

Louis O. Kelso, a corporation attorney and economist, will speak on changing economic conditions potentially favorable to poor people at 1:30 p.m. today in Lowell Lecture Hall.

The speech is part of the observance of Martin Luther King Jr. Memorial Week.

"Kelso is anxious to do for poor people what he did for the wealthy-distribute wealth," the Rev. Virgil A. Wood, one of the sponsors of the speech and a student at the Ed School, said.

"Kelso has worked out an institutional approach to the division of new wealth now emerging," Wood added. Kelso expects $60-100 billion of additional capital in the near future in the United States, he said.